A former employee of Wells Fargo in the United States has been banned from the banking industry by a regulatory agency for allegedly selling confidential customer information and causing over $500,000 in fraudulent transactions.

New reports from the U.S. Office of the Comptroller of the Currency (OCC) outline a consent order with Bathia Greene, a former associate operations processor at Wells Fargo’s lockbox facility in Philadelphia, Pennsylvania.

The OCC alleges that Greene unlawfully obtained and sold sensitive information belonging to Wells Fargo’s customers, leading to a series of fraudulent transactions. This resulted in a loss of $688,000 for the bank.

In a statement, the regulator stated, “During the period from approximately October 2021 to January 2022, Greene misappropriated confidential customer information and sold it to a third party, resulting in fraudulent transactions. This conduct violated laws and regulations, as well as established unsafe practices. Greene’s actions led to financial gain for herself and risked the safety and stability of the bank.”

Despite the seriousness of the allegations, Greene is not expected to face criminal charges. However, she has been prohibited from engaging in any activities related to insured U.S. banks, credit unions, federal banking agencies, Farm Credit institutions, Federal Home Loan Banks, and the Federal Housing Finance Agency.

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